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Trading EURUSD only 43,756 replies

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EURUSD only

  • #95,801
  • Oct 2, 2019 2:51pm Oct 2, 2019 2:51pm
Quoting ArbitragAcid
{quote} I shorted at Central US Time 3:05:37 AM September 19 with a limit order to sell placed 20 pips above the 8dayMA and covered so of it at 1.10229 at 7:41:57 AM on September 20 at 20 pips below the 8dayMA. Then I covered more at 1.10028 at 10:27:59 AM September 20 at 40 pips below the 8dayMA. Then I covered more at 1.09827 at 2:33:16 AM September 23 at 60 pips below the 8dayMA. Then I covered more at 1.09470 at 11:05:03 AM on September 25 and more at 1.09270 at 5:43:49 AM on September 26. The last portion of the original short was closed as...
It all depends on how market wants to play GBP low or high. Euro will jump on the bandwagon.
Practice makes a person perfect
  • #95,802
  • Oct 2, 2019 2:54pm Oct 2, 2019 2:54pm
Quoting christess
{quote} Nice clean straightforward strategy! You had patience with this one. I assume you're using H4 or Dly? It does seem intuitive but why 1.09730 for your new 20 pip fade in entry. Please confirm your SL; 1.13030 seems high? Thanks Very Much for Sharing; Excellent Learning Opp. ~Chris
I only use the H4. 1.09730 is 20 pips above the 8dayMA which is currently at 1.09530. All of my entries are short limit orders placed above the 8dayMA at intervals of 20, 40, 60, 80, 100, and 150 pips. The initial SL is 350 pips above that 8dayMA.

About the 8dayMA. The average is actually 48 period moving average on a 4HR chart.
  • #95,803
  • Oct 2, 2019 3:03pm Oct 2, 2019 3:03pm
Good Evening all.

Please can some look at EURUSD H4 chart, I observed inverted HEAD AND SHOULDERS.
Please can we share our mind on it?
Thanks
  • #95,804
  • Oct 2, 2019 3:10pm Oct 2, 2019 3:10pm
Quoting simnz
{quote} Why all your stops at 1.13030? Is it equity stoploss?
1.13030 is 350 pips above the 8dayMA, a level that is taken out after a fading entry historically less than once a year and less than once to every 35 or more trades in my system. I size my positions not my stop distance to get my total equity at risk to the desired level. This stop is what some would call a "catastrophic stop". It is very rarely actually taken out. It is what I would call my "soft catastrophic stop". It is there to prevent me from losing any more than my desired total risk in the event the price moves against me without ever crossing back over the 8dayMA.

I do have an additional "hard catastrophic stop" and that is my total deposit with my dealer (Oanda in this case). Most of my trading bank is on deposit with an FDIC insured local bank only a fraction of it is on deposit with Oanda. If a real catastrophe occurs at Oanda or in the EURUSD pair I will lose at most my deposit with Oanda. If my account with them goes negative they can beg me for it. But in the event of a real catastrophe they are likely to do as they did Jan 15, 2015 and offer "negative balance forgiveness".
  • #95,805
  • Oct 2, 2019 3:21pm Oct 2, 2019 3:21pm
Can some of you please respect the title of the thread and read the rules. Thank you.
  • #95,806
  • Edited 3:55pm Oct 2, 2019 3:29pm | Edited 3:55pm
Quoting Tenfold410
Can some of you please respect the title of the thread and read the rules. Thank you.
There are three rules:

Quoting Ata-Turkoglu
That being said, here are the 3 simple rules we want you to follow. Nothing more!

  1. Members must post ideas and charts only and solely for the EURUSD currency! (DXY, USD-Index is allowed with the condition to always relate them to EURUSD)
  2. Hatred, fights, patronizing others, causing endless and stressful debates are definitely forbidden! (Trolling and toxic behavior will not be tolerated!)
  3. Please use only "standard size" fonts and don't go too crazy with text colors."

  • #95,807
  • Oct 2, 2019 4:19pm Oct 2, 2019 4:19pm
Quoting ArbitragAcid
{quote} 1.13030 is 350 pips above the 8dayMA, a level that is taken out after a fading entry historically less than once a year and less than once to every 35 or more trades in my system. I size my positions not my stop distance to get my total equity at risk to the desired level. This stop is what some would call a "catastrophic stop". It is very rarely actually taken out. It is what I would call my "soft catastrophic stop". It is there to prevent me from losing any more than my desired total risk in the event the price moves against me without...
I sell calls and puts at a distance of 250 pips for 90 days when volatility is high and earn premium. And use that premium to buy calls and puts on both sides at same spot price for 60 days when volatility is low.

You are doing same thing with spot forex but selling on one side only. You may consider repeating the same strategy on long side as well in a separate account. You may half your position size and allocate it to both the short and long side.
Practice makes a person perfect
  • #95,808
  • Edited 4:47pm Oct 2, 2019 4:23pm | Edited 4:47pm
Quoting ArbitragAcid
{quote} 1.13030 is 350 pips above the 8dayMA, a level that is taken out after a fading entry historically less than once a year and less than once to every 35 or more trades in my system. I size my positions not my stop distance to get my total equity at risk to the desired level. This stop is what some would call a "catastrophic stop". It is very rarely actually taken out. It is what I would call my "soft catastrophic stop". It is there to prevent me from losing any more than my desired total risk in the event the price moves against me without...
I / We inquired about the large "EUR/USD" stop loss! Thank you ArbitragAcid, for explaining it and related idea for "EUR/USD"; appreciate it! Valuable!
  • #95,809
  • Oct 2, 2019 4:46pm Oct 2, 2019 4:46pm
Quoting simnz
{quote} I sell calls and puts at a distance of 250 pips for 90 days when volatility is high and earn premium. And use that premium to buy calls and puts on both sides at same spot price for 60 days when volatility is low. You are doing same thing with spot forex but selling on one side only. You may consider repeating the same strategy on long side as well in a separate account. You may half your position size and allocate it to both the short and long side.
Well I like the asymmetric exposure to the direction. A 250 pip jab to the south would not hurt me one bit. In fact, I would love that. And I benefit also from the rollover in my account as I hold a short position. I like that too.
  • #95,810
  • Oct 2, 2019 5:52pm Oct 2, 2019 5:52pm
Quoting olegchartist
How you can use data from the futures market in order to trade on Forex {image} here is the selling from resistance setup All you need is to: 1) Find Valid resistance 2) Wait for test 3) Sell on the first red delta bar after local Buying Culmination
Love what you have to contribute here, who charting is that ??, keep liquid.
  • #95,811
  • Edited 10:05pm Oct 2, 2019 9:48pm | Edited 10:05pm
Quoting newbegger
{quote} Adding some shorts back to long term account. Anybody who wants to make money in this casino needs to use different accounts with different trading styles and different dealers. Don;t be afraid to bet against yourself as the movers often make both sides winners when they try to run your accounts. That is good advice
I looked like a genius when the market dropped right after I added shorts. Now, looks like a trainwreck.
Attached Image (click to enlarge)
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Gotta love this game, lol
Ecclesiastes 1:9
  • #95,812
  • Oct 3, 2019 1:40am Oct 3, 2019 1:40am
Quoting newbegger
{quote} I looked like a genius when the market dropped right after I added shorts. Now, looks like a trainwreck. {image} Gotta love this game, lol
Nice 1. Also shorting again today

Attached Image (click to enlarge)
Click to Enlarge Name: 24.png Size: 59 KB
TMT Scalping System (Best system on FF)
  • #95,813
  • Oct 3, 2019 1:50am Oct 3, 2019 1:50am
Quoting newbegger
{quote} I looked like a genius when the market dropped right after I added shorts. Now, looks like a trainwreck. {image} Gotta love this game, lol
Good morning all of you, 1.0964 was a strong resistance. you get to the 4Η chart the price has reached the top of the small downΤΡΕΑΔ channel. Have a good day!!
  • #95,814
  • Oct 3, 2019 2:10am Oct 3, 2019 2:10am
Quoting newbegger
{quote} I looked like a genius when the market dropped right after I added shorts. Now, looks like a trainwreck. {image} Gotta love this game, lol
today is a good for sideways analysis. No significant news
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-10-03 at 2.09.06 PM.png Size: 354 KB
  • #95,815
  • Oct 3, 2019 2:12am Oct 3, 2019 2:12am
Hi Guys,

Price retesting weekly open and my daily pivot. I will look for bullish signs here.

Cheers.
Trade to trade another day
  • #95,816
  • Oct 3, 2019 2:34am Oct 3, 2019 2:34am
Eur channel H4 10995( only from here it can go down) or it cross this channel up.BB20 open 09723 I think no good short here,eur slowly goes till 109950
  • #95,817
  • Oct 3, 2019 2:38am Oct 3, 2019 2:38am
I trade both side but not gonna lie i want this to test 1.0986 ... Again.before non farm and strike back down friday.
Don't mind me.. i'm crazy
  • #95,818
  • Oct 3, 2019 2:54am Oct 3, 2019 2:54am
Open short 1.0948 sl 1.0964 tp 1.0814
I expect the goal today by the end of the day
  • #95,819
  • Oct 3, 2019 3:02am Oct 3, 2019 3:02am
Buy limit @ 1.09305
Sl 30 pips
Tp @ 1.09792
Risk comes from not knowing what to do
  • #95,820
  • Oct 3, 2019 3:03am Oct 3, 2019 3:03am
Quoting Wavegarrick
Hi Guys, Price retesting weekly open and my daily pivot. I will look for bullish signs here. Cheers.
Thinking: maybe the best time for a bull signal would be after EUR retail sales at 10:00 GMT and before ISM services data, in the hope that we get a similar reaction to Tuesday's ISM.
Believe you can and make it happen.
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